Page 2 of 3 FirstFirst 123 LastLast
Results 11 to 20 of 24

Thread: GM needs up to $30 billion in aid to avoid failure

  1. #11
    Sage
    Ikari's Avatar
    Join Date
    Dec 2006
    Location
    Colorado
    Last Seen
    12-08-17 @ 01:05 AM
    Gender
    Lean
    Libertarian - Left
    Posts
    54,124

    Re: GM needs up to $30 billion in aid to avoid failure

    Quote Originally Posted by independent_thinker2002 View Post
    I see your point. What would be the repurcussions of letting every company fail right now, banks included? The failures are ubiquitous throughout the economy. We are a paper dragon. An immediate collapse would be catastrophic.
    Everything being let go would break the system. I understand that part, but I don't think I should have to pay for everyone with their palms turned towards the sky. It's getting ridiculous. Plus, this just becomes a backdoor method of nationalizing private business which I really disagree with. We'll pull out of this depression, but I don't want the government to come out with well more power than it had going in like during the Great Depression. And I want some form of responsibility injected into the system. A little bit of proper oversight and to quit rewarding bad business with tax payer money.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

  2. #12
    Bus Driver to Hell
    Thorgasm's Avatar
    Join Date
    Oct 2005
    Last Seen
    12-14-17 @ 06:57 PM
    Lean
    Very Conservative
    Posts
    68,198

    Re: GM needs up to $30 billion in aid to avoid failure

    Quote Originally Posted by Ikari View Post
    Everything being let go would break the system. I understand that part, but I don't think I should have to pay for everyone with their palms turned towards the sky. It's getting ridiculous. Plus, this just becomes a backdoor method of nationalizing private business which I really disagree with. We'll pull out of this depression, but I don't want the government to come out with well more power than it had going in like during the Great Depression. And I want some form of responsibility injected into the system. A little bit of proper oversight and to quit rewarding bad business with tax payer money.
    I understand your concerns. Capitalism fails sometimes. They tried to pretend the economy isn't a zero sum game. The pie stopped growing and it's collapsing on itself. It's not all the govt.'s fault. The is no liquidity.
    Quote Originally Posted by faithful_servant View Post
    Being a psychiatric patient does not mean that you are mentally ill.



  3. #13
    Sage

    Join Date
    May 2007
    Last Seen
    12-16-17 @ 02:43 PM
    Lean
    Conservative
    Posts
    7,940

    Re: GM needs up to $30 billion in aid to avoid failure

    Quote Originally Posted by jujuman13 View Post
    Link
    GM needs up to $30 billion in aid to avoid failure - Yahoo! Finance

    Far better that they are denied this extra money, they have evidently decided that any time they feel threatened they can call on US Taxpayers to bail them out.
    This cannot be permitted.
    They need this and more because they ARE a failure!
    It's nothing more than X's and O's.

  4. #14
    Phoenecian
    Indy's Avatar
    Join Date
    Mar 2006
    Location
    Chicago
    Last Seen
    03-22-13 @ 04:36 PM
    Lean
    Independent
    Posts
    2,089

    Re: GM needs up to $30 billion in aid to avoid failure

    Quote Originally Posted by independent_thinker2002 View Post
    Other companies are tied to GM. Tire manufacturers, radio manufacturers, rims, glass, plastic, aftermarket part manufacturers, and dealers. It's not just GM that would be affected.
    Answer the question. Is it cheaper to pay unemployment or to pay billions every couple of months?
    Affiant further sayeth not.

  5. #15
    Phoenecian
    Indy's Avatar
    Join Date
    Mar 2006
    Location
    Chicago
    Last Seen
    03-22-13 @ 04:36 PM
    Lean
    Independent
    Posts
    2,089

    Re: GM needs up to $30 billion in aid to avoid failure

    Quote Originally Posted by independent_thinker2002 View Post
    I see your point. What would be the repurcussions of letting every company fail right now, banks included? The failures are ubiquitous throughout the economy. We are a paper dragon. An immediate collapse would be catastrophic.
    Well since we aren't letting every company fail, just the big 3 automakers, we'll be okay. Besides, anyone who really thinks that the foreign automakers with american plants won't fill the employment gap, at least significantly, is living in fairytale land. The demand needs to be met still and GM going under doesn't stop that. Hell, when is enough enough? This is Chrystler's, what, THIRD time coming for a bailout? Repeat after me: LET THEM FAIL.
    Affiant further sayeth not.

  6. #16
    Bus Driver to Hell
    Thorgasm's Avatar
    Join Date
    Oct 2005
    Last Seen
    12-14-17 @ 06:57 PM
    Lean
    Very Conservative
    Posts
    68,198

    Re: GM needs up to $30 billion in aid to avoid failure

    Quote Originally Posted by Indy View Post
    Answer the question. Is it cheaper to pay unemployment or to pay billions every couple of months?
    It's tough to say. Paying unemployment for 1.5 million jobs adds up quick. I'm not sure we've established that we would have to pay billions every couple months. If you have figures, lets see them. I don't have the figures to answer you.
    Quote Originally Posted by faithful_servant View Post
    Being a psychiatric patient does not mean that you are mentally ill.



  7. #17
    Bus Driver to Hell
    Thorgasm's Avatar
    Join Date
    Oct 2005
    Last Seen
    12-14-17 @ 06:57 PM
    Lean
    Very Conservative
    Posts
    68,198

    Re: GM needs up to $30 billion in aid to avoid failure

    Quote Originally Posted by Indy View Post
    Well since we aren't letting every company fail, just the big 3 automakers, we'll be okay. Besides, anyone who really thinks that the foreign automakers with american plants won't fill the employment gap, at least significantly, is living in fairytale land. The demand needs to be met still and GM going under doesn't stop that. Hell, when is enough enough? This is Chrystler's, what, THIRD time coming for a bailout? Repeat after me: LET THEM FAIL.
    It's not just the big three. There are plenty of businesses tied to them. If the demand was there, they wouldn't be in trouble. People aren't getting the loans so it doesn't matter who builds the cars. Demand is limited by who can get financing.
    Quote Originally Posted by faithful_servant View Post
    Being a psychiatric patient does not mean that you are mentally ill.



  8. #18
    Sage

    Join Date
    Oct 2006
    Last Seen
    04-23-17 @ 05:59 PM
    Gender
    Lean
    Centrist
    Posts
    15,429
    Blog Entries
    2

    Re: GM needs up to $30 billion in aid to avoid failure

    Quote Originally Posted by independent_thinker2002 View Post
    It's tough to say. Paying unemployment for 1.5 million jobs adds up quick. I'm not sure we've established that we would have to pay billions every couple months. If you have figures, lets see them. I don't have the figures to answer you.
    Well think of it this way, at $1,000 a month in unemployemt, that would make montly unemployment equal to 1.5 Billion a month. I've never received unemployment benefits(even though I've been unemployed), so I don't know how much you get, but isn't it a percentage of your gross pay? I don't think its unreasonable that it could cost billions a month, in unemployment. Maybe not 30 billion a month, but still a significant chunk o' change.

    The problem now, is that these companies are getting bailout money and laying people off. Its basically being compounded right now.
    "Loyalty only matters when there's a hundred reasons not to be-" Gen. Mattis

  9. #19
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Yesterday @ 10:20 PM
    Gender
    Lean
    Independent
    Posts
    16,263

    Re: GM needs up to $30 billion in aid to avoid failure

    Quote Originally Posted by independent_thinker2002 View Post
    It's not just the big three. There are plenty of businesses tied to them. If the demand was there, they wouldn't be in trouble. People aren't getting the loans so it doesn't matter who builds the cars. Demand is limited by who can get financing.
    The question though is, does the destruction of the GM and Chrysler pave the way for more efficient, competitive, innovative and new upstarts?

    The compilation of this list did not pave the destruction of the American automobile. http://http://en.wikipedia.org/wiki/..._manufacturers
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  10. #20
    Bus Driver to Hell
    Thorgasm's Avatar
    Join Date
    Oct 2005
    Last Seen
    12-14-17 @ 06:57 PM
    Lean
    Very Conservative
    Posts
    68,198

    Re: GM needs up to $30 billion in aid to avoid failure

    Quote Originally Posted by Goldenboy219 View Post
    The question though is, does the destruction of the GM and Chrysler pave the way for more efficient, competitive, innovative and new upstarts?

    The compilation of this list did not pave the destruction of the American automobile. http://http://en.wikipedia.org/wiki/..._manufacturers
    If the economic crisis wasn't a perfect storm, I would agree. We don't make much anymore. I could be wrong though. I can understand where you guys are coming from.
    Quote Originally Posted by faithful_servant View Post
    Being a psychiatric patient does not mean that you are mentally ill.



Page 2 of 3 FirstFirst 123 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •